ISLAMABAD: Islamabad Chamber of Commerce and Industry has called upon the government to focus on the construction of more dams, especially in flood-prone areas that will help in coping with flash floods and generating cheap energy.

Islamabad Chamber of Commerce and Industry President Muzzamil Hussain said that once again, the devastating floods due to recent rains have highlighted the urgent need of constructing more dams and water reservoirs in the country.

He said that due to the lack of dams and water reservoirs, Pakistan has suffered huge losses in terms of deaths of hundreds of people, damage to infrastructure and destruction of huge areas of crops.

He said the World Bank has also estimated Pakistan’s economic losses in excess of $18bn because of natural disasters in the past decade. Another study shows that Pakistan’s economy was facing an annual loss of $36 billion due to water wastage.

He said the climate change and global warming have accelerated the pace of glaciers melting causing heavy rains in monsoon due to which the flood pattern in Pakistan has become every year’s phenomenon.

Muzzamil said that water resources were depleting in Pakistan while huge amount of rain water was being lost and wasted in the seas due to lack of storage facilities.

He said the availability of dams and water storage facilities would bring plenty of benefits to the country as it will help in reducing floods damages, generating sufficient amount of cheap electricity, facilitating sustainable agriculture growth, ensuring food security to teeming millions, fostering industrial expansion, reducing poverty and improving exports.